Steel production

In January-September, Italian steelmakers reduced steel output by 3.1% y/y

In September 2023, Italian steel enterprises increased the volume of steel production by 2.4 times compared to the previous month – up to 1.96 million tons. Thus, the indicator increased to a maximum since May 2023. SteelOrbis informs about it with the reference to data from the Italian association of steel producers Federacciai.

Compared to September 2022, in September 2023, Italian steelmakers increased steel production by 4.4%.

The production of flat rolled products in the country in September 2023 increased by 14.4% compared to September 2022 – up to 827 thousand tons. The production of rolled products amounted to 1.1 million tons, which is 6.7% less year-on-year.

In January-September 2023, Italy reduced steel production by 3.1% compared to the same period in 2022 – to 15.97 million tons.

As GMK Center reported earlier, steel enterprises of Italy in 2022 reduced steel production by 11.5% compared to the same period of the previous year – to 21.6 million tons. In 2022, the production of rolled products in the country decreased by 12% y/y – to 12.03 million tons, flat rolled products – by 13.8% y/y, to 9.55 million tons.

According to the WorldSteel association, steel production in the EU countries in 2022 decreased by 10.5% year-on-year – to 136.7 million tons. In general, steel production in the world fell by 4.3% y/y – to 1.83 billion tons. During the past year, the situation in European steel industry was affected by such factors as high prices for energy resources, high volatility of prices and demand, and a decrease in steel exports from the EU. They were partly caused by the military aggression of the Russian Federation against Ukraine.